Startup

In a surprising move that has rippled through the fintech sector, the Nigerian wealthtech startup, Cova, announced its shutdown. Founded by ex-CEO and founder at Printivo, Olu’yomi Ojo, and Yomi Osamiluyi, Cova’s journey came to an unexpected halt on February 10, 2024.  This decision, as detailed in a heartfelt email…

GladeFinance, a Nigerian fintech startup backed by Techstars, is currently in discussions regarding a potential acquisition. These talks involve at least two fintech companies, one Nigerian and one German, and could potentially lead to the startup being acquired, a mere three years after it began its operations. In 2022, GladeFinance…

AgriTech, a fusion of agriculture and technology, is at the forefront of reshaping traditional practices. As we navigate the digital age, it’s crucial to stay informed about the emerging trends in AgriTech that are poised to transform the agricultural sector. From precision farming to sustainable practices, let’s delve into the…

In a significant development within Nigeria’s financial sector, the Nigeria Interbank Settlement System Plc (NIBSS) has issued a circular directing banks to eliminate non-deposit financial institutions from their National Instant Payment (NIP) fund transfer channels.  This directive, which has raised several discussions within the industry, affects a variety of financial…

As 2023 unfolds, African startups are undergoing a seismic shift. A steep decline in venture capital funding, particularly pronounced in the fintech sector, has become a critical concern. This downturn is not just a number on a spreadsheet; it represents a tumultuous journey for numerous startups across the continent. The…